Mozambique: Sixth Review Under the Policy Support Instrument, Second Review Under the Arrangement Under the Exogenous Shocks Facility, and Request for a Three-Year Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Mozambique.
June 23, 2010
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Mozambique showed considerable resilience to the global crisis. The government responded to the crisis by promptly easing macroeconomic policies. The Policy Support Instrument (PSI) provided an effective and flexible framework to guide policies during the crisis, and program performance has been strong. Donor support was temporarily halted over governance concerns, but has resumed. Mozambique’s economic performance and track record of macroeconomic stability over the last decade and a half have been impressive, making the country a prime example of a mature stabilizer.
Subject: Banking, Credit, Expenditure, External debt, Money, Public debt, Public investment and public-private partnerships (PPP), Public investment spending
Keywords: CR, Credit, debt, ESF arrangement, financing, Five-Year Government program, GDP, Global, IMF Executive Board, IMF's framework, ISCR, liability positions vis-à-vis nonresident, macroeconomic performance, Public investment and public-private partnerships (PPP), Public investment spending
Pages:
94
Volume:
2010
DOI:
Issue:
174
Series:
Country Report No. 2010/174
Stock No:
1MOZEA2010002
ISBN:
9781455204618
ISSN:
1934-7685
